Based on its average 5-year and quarterly capital gains CONDELL PARK, 2200 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that CONDELL PARK, 2200 obtained a 8.2% growth over a ten-year period. It ranks 475th on our list of suburbs that property investors should look into.
CONDELL PARK, 2200 in NSW belongs to the local government area of Bankstown.
CONDELL PARK, 2200 has a capital gain of 5.56% for the past year, which is lower than average compared to its 71.79% growth within a five-year period.
With the median home price in CONDELL PARK sitting at $950,000, and the average rent at $550, property owners could potentially earn a 3.01% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in CONDELL PARK are low, as opposed to average gains per annum over the past five years.
A steady increase in median property prices over a five-year period in CONDELL PARK, 2200 translates to a 13.64% capital gain.
CONDELL PARK, 2200 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $704,000.
Profits due to an upward trend in home prices in CONDELL PARK, 2200 averaged 4.55% per annum over a 3-year period.
Home owners selling their properties and realtors in CONDELL PARK usually have to wait an average of 45.4 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $585 mark, reflecting a 4.32% increase in returns based on the current median price in CONDELL PARK.
CONDELL PARK, 2200 places 248th in Australia based on median property value growth during the quarter.